This five-day course provides practical and valuable guidance on risk based operational auditing and leading edge techniques in auditing. It teaches participants how to identify and prioritise the risks and assess the efficiency, effectiveness and economics of both core and non-core business processes. Practical exercises will help delegates gain confidence in the techniques presented and in their own ability to use them.
Auditing non-core activities can be difficult because the risks to business objectives are less well known. Joint ventures, major contracts, projects and outsourced operations are all examined in detail. Key areas to focus on will be highlighted to ensure that key risks are being managed.
Delegates have the opportunity to practice risk identification in workshops. They will review the challenges for internal audit in its approach to, and involvement with, risk management. The role of internal audit in facilitating risk management within the organisations, will be discussed.
Participants will learn the benefits that risk based auditing can have in focusing auditing effort on key risks and how to reflect and prioritise risk in their audit reports. Both aspects of risk¡Vthreats and opportunities¡Vare covered.
Methodology
Participating in discussions and case studies of real life examples, delegates will gain the knowledge and confidence to use the latest risk based auditing techniques to audit both the core business processes together with some of the more demanding non-core areas. |
